Samsung Gets $250 For Every iPhone Duo You Buy

Source Beincrypto

If you’re fascinated enough by Apple’s new folding iPhone to splash $2,000, Samsung would actually be getting a $250 cut from the purchase. Not some third-party hardware producers, but the company itself. 

The intel comes from a Chinese leaker on Weibo. Apple reportedly has a contract with Samsung to use its display tech for the new iPhone Duo.  

Samsung Pioneered the Folding Screen, Now It’s Cashing In

When engineering the first foldable iPhone, Apple tried to shop around, as it always does. The company usually keeps prices down by acquiring two similar suppliers. 

This time there was no second shop. LG Display still cannot make a folding phone screen. BOE makes them for Huawei, but Apple rates their quality and reliability too low to use.

That left one seller, Samsung.

“Apple was seemingly forced to accept the arrangement because no other firm was able to supply the required screens,” William Gallagher wrote in the AppleInsider on Friday.

A normal iPhone screen costs Apple roughly $70. The folding screen is three times more expensive. So, the screen alone accounts for more than 10% of the phone’s retail price.

Roughly $2 Billion Paid To Apple’s Biggest Rival

Citi expects Apple to sell 7.3 million Duos in year one. At $250 a screen, that is close to $1.8 billion flowing to Samsung Display.

Samsung will definitely spend some of it fighting Apple, seeing as the two make what is arguably the top phone brands in the world.

Samsung’s Galaxy Fold sits on the same shelves as iPhone Duo. The company says the newest model drew more iPhone switchers than any previous model.

Despite the weight of the $250 spend, Apple (AAPL) traded near $332 on Friday, up about 1.9% and close to a record.

Apple Stock (AAPL) Performance. Source: Yahoo FinanceApple Stock (AAPL) Performance. Source: Yahoo Finance

BeInCrypto flagged the post-keynote stock dip on September 9. Analysts then expected it to reverse within 30 to 60 days. It took two.

Apple unveiled the Duo that day, at John Ternus’s first keynote as chief executive. He inherited a company that wins by controlling its suppliers.

For the next three years, on the one part that makes a folding iPhone fold, he does not control anything.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Analysis Today: Gold Rebounds After 1.91% Drop as Yields Ease. Is $4,449 Next? Gold fell about 1.91% on August 18 before producing a strong bullish reaction from the 1-hour demand zone in early August 19 trading. RSI is recovering from oversold conditions, but Supertrend remains bearish as traders await the Fed minutes.
Author  Naoufal Seddik
Aug 19, Wed
Gold fell about 1.91% on August 18 before producing a strong bullish reaction from the 1-hour demand zone in early August 19 trading. RSI is recovering from oversold conditions, but Supertrend remains bearish as traders await the Fed minutes.
placeholder
Gold Price Analysis Today: Gold Gains 0.94% as Markets Expect Fed to Hold Rates, Can $4,449 Resistance Break? Gold gained 0.94% on August 17, closing near $4,417.30 as softer US data strengthened expectations for unchanged Fed rates in September. Gold remains bullish, with $4,449.730 resistance and $4,310.650 support in focus.
Author  Naoufal Seddik
Aug 18, Tue
Gold gained 0.94% on August 17, closing near $4,417.30 as softer US data strengthened expectations for unchanged Fed rates in September. Gold remains bullish, with $4,449.730 resistance and $4,310.650 support in focus.
placeholder
Gold Price Analysis Today: Gold Drops 1.32% Despite Lower Fed Rate-Hike Bets, Can $4,313 Support Hold? Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
Author  Naoufal Seddik
Aug 14, Fri
Gold fell 1.32% on August 13 after rising to $4,449.73, then reversing lower and closing near $4,349.918 below the $4,356.46 support. Softer US inflation data reduced Fed rate hike expectations, but selling pressure still dominated the session. Will $4,313 support hold?
placeholder
XAUUSD Gold Analysis: Gold Holds Above $4,350 Ahead of US Inflation Data Is $4,500 Next? Gold holds above $4,350 following weak US jobs data. As inflation reports approach and UBS eyes $5,000, can XAUUSD break resistance at $4,435 to rally toward $4,500?
Author  Naoufal Seddik
Aug 12, Wed
Gold holds above $4,350 following weak US jobs data. As inflation reports approach and UBS eyes $5,000, can XAUUSD break resistance at $4,435 to rally toward $4,500?
placeholder
Intel Price Forecast: Nvidia Picked Xeon 6, Invested $5B, Yet Analysts Still Trail INTCIntel Corporation (NASDAQ: INTC) sits at $140.05, holding firm on the ascending trendline within the 2H timeframe. The RSI indicator is currently reading 55.21, positioning it as neutral-
Author  TradingKey
Jul 02, Thu
Intel Corporation (NASDAQ: INTC) sits at $140.05, holding firm on the ascending trendline within the 2H timeframe. The RSI indicator is currently reading 55.21, positioning it as neutral-
goTop
quote